After revealing its first car (SU7) a few months ago, the Chinese giant Xiaomi announces the arrival of a new electric car (SUV) that should hit the market in the next year or two. With this car, Xiaomi intends to throw down the gauntlet to the world’s largest electric car manufacturer and its Tesla Model Y.
Back in 2021, Xiaomi started its story about electric cars, and a year later the company announced that it would invest 10 billion dollars in the automotive industry in the next 10 years. The first part of that long-term plan was fulfilled with the SU7 model, which achieved surprising sales results in a very short period of time. Now Xiaomi is looking to enter the SUV market as well, which coincides with the completion of the second phase of construction of Xiaomi’s new production facility in Beijing.
For now, there is no official information from the company about this car, and its position on the market will be determined by the price. As a reminder, the SU7 costs $29,900, while rumors say the SUV could be even cheaper with a price tag of around $20,000. It could definitely attract more customers but also be a big challenge for the competition.
The Xiaomi SUV is supposed to be produced at a plant in Beijing that has a capacity of 300,000 cars per year.
Source: Reuters; Photo: Sugardesign_1 via Instagram
